Russian wheat exports to Egypt hit a five-year high

According to preliminary information, Russia continued exporting wheat at a record pace in May 2017, when 1.92 MMT was shipped abroad. This is 46% more than exported in May 2016, reports UkrAgroConsult.

This season’s exports of Russian wheat have gained almost 2 MMT (8.4%) against the same time last year and reached 25.74 MMT.

Russian wheat exports to the Egyptian market have hit a five-year high in the current season. Russia supplied 6.63 MMT to Egypt in the eleven months of MY 2016/17. The previous record was registered in MY 2011/12 (roughly 7.35 MMT).

Wheat exports from Russia to other African and Asian countries also increased substantially due to growing Russian supply of feed wheat and 11.5%-protein milling wheat. Shipments to Bangladesh, Yemen and Indonesia increased. Considerable growth is also observed in Russian wheat exports to the markets of Morocco, UAE, Israel, Kenya, Libya and others.

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